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Shell: Saudi Arabia May Benefit From LNG Imports

THE WALL STREET JOURNAL

JUNE 24, 2010

LONDON (Dow Jones)–Saudi Arabia, the world’s largest energy producer, may benefit from importing liquefied natural gas to boost domestic supply and maximize profits from oil exports, a Royal Dutch Shell PLC (RDSB) executive said Thursday.

“In an environment where much crude and fuel oil is being burnt up for power, there’s a strong case to bring in more gas and free up some of that [oil] for export,” De la Rey Venter, Shell’s global head of LNG, said at the National Oil Companies congress in London.

“I don’t know what the kingdom will decide.”

-By Angela Henshall, Dow Jones Newswires; +44 (0)20 7842 9285; [email protected]

(Lananh Nguyen in London contributed to this report.)

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